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Astral Poly Technik Limited allots 3,01,32,441 bonus shares

Posted On: 2019-09-19 14:33:11

Pursuant to the resolution passed by the shareholders through postal ballot for issue of bonus shares on 6th September, 2019, the Bonus Share Allotment Committee of the Board of Directors of Astral Poly Technik Limited has approved the allotment of 3,01,32,441 (Three Crores One lakh Thirty Two Thousand Four Hundred Fourty One) equity shares of Re. 1/- each as fully paid up bonus equity shares on 19th September, 2019, in the ratio of 1:4 that is 1 (One) bonus equity share of Re 1/- each for every 4 (Four) fully paid up equity shares to the members whose name appeared in the register of Members / list of beneficial owners as on 17th September, 2019, the record date fixed for the purpose.

Consequently, the paid up equity share capital of the Company stands increased from Rs.12,05,29,765/- consisting of 12,05,29,765 equity shares of Re. 1/- each to Rs.15,06,62,206/- consisting of 15,06,62,206 equity shares of Re. 1/-each.

As part of the aforesaid allotment, 9987 bonus equity shares representing fractional entitlement(s) of eligible Members have been consolidated and allotted to Mr. Krunal Bhatt, Company Secretary as a trustee appointed by the Board. The trustee will sell such equity shares at the prevailing market rate as soon as possible and distribute the net sale proceeds, after adjusting the cost and expenses in respect thereof, among the eligible Members in proportion to their respective fractional entitlements.

Shares of ASTRAL POLY TECHNIK LTD. was last trading in BSE at Rs.1161 as compared to the previous close of Rs. 1129. The total number of shares traded during the day was 2859 in over 470 trades.

The stock hit an intraday high of Rs. 1168.4 and intraday low of 1125. The net turnover during the day was Rs. 3299564.

Source: Equity Bulls

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